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Car sales plunge, Bank of England cuts rates

New car sales plunge in October: Renault sales were down by more than half By Nigel Wonnacott Motor Industry 06 November 2008 12:30 Following the sixth monthly decline in new car sales this year (down 23% this month), economists have revised market forecasts downwards, while the Bank of England has cut interest rates by 1.5%. October’s 23% drop was the worst so far and trade body SMMT now fears sales could end the year at just 2.15 million cars. That’s 8% lower than the 2.34 million predicted to leave showrooms back in January and would be the worst market performance in more than a decade.

Lotus Evora by Mansory (2011) at 2011 Geneva motor show

In the avalanche of hype surrounding Lotus's future ambitions, the current range of Lotus vehicles has been largely overlooked. With this in mind, Lotus has turned to an unexpected source to inject some media buzz and visual freshness into the Evora for the 2011 Geneva motor show: Mansory. Under the slogan 'Is it always wise to customise? If you must then do it with some style' Lotus has commissioned Mansory to customise the Evora – continuing the run of controversial new moves that the firm has made under CEO Dany Bahar’s leadership. Mansory has applied its well-known carbonfibre fetish to the Lotus coupe, bringing the Evora closer to the edgy styling cues of design chief Donato Coco’s next-generation Lotus concept cars.

Nissan scales back on auto shows

Nissan said on Friday that it will not participate in some of the major auto shows in its new business year starting April 1, Reuters is reporting. The reason: to save money. This means no Nissan display at the show in Frankfurt in September and probably another absence in Detroit in January 2010.